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Yeah you can pretty much forget about wealthy Europeans doing anything at the speed of any business cycle. They are scared oldest sons managing a family office
by rolltiide 7y ago
Yeah you can pretty much forget about wealthy Europeans doing anything at the speed of any business cycle. They are scared oldest sons managing a family office who have no idea what they are doing aside from breathing and making a baby in wedlock.
These people will put down $1 million dollar deposit to make it seem like they are serious about completing a deal, and will just let the timeline expire forfeiting the entire deposit!
Forget about the negative interest rates. Unless you can tap into the high yield corporate debt market, then dealing with these rich people is hopeless.
Source: Been around a lot of wealthy Europeans that talked a big game. It is the most ridiculous stable business climate on Earth. I do not recommend, especially for tech.
- bawolff 7y agoI don't know anything about that world... But honestly that sounds reasonable to me. Old money wants to keep their money, so they are risk averse. New money is in the process of making their fortune so they are more interested in betting big.
- rolltiide 7y agoYes that is precisely what is going on, but they know they want to get out of real estate and yachts and public equities, and want to feel close to the action. Scared money doesnt make money.
- wuschel 7y agoHey, got some experience there, too. Would you be up for a short call? My contact is my profile.